RE: RNS1 Sep 2022 09:11
so this was from Jan 2021 RNS
"The Company is now cash generative at the corporate level including meeting our monthly debt repayment obligations. Having now completed the December accounts which included production of net 103 bopd, the Company achieved positive cashflow in December 2020. In January 2021 Nostra Terra announced the success of the new well at Pine Mills, adding a further net 32.5 bopd (before royalties), an increase of approximately 26% in production net to the Company compared to December's figures. The Company's cashflow positivity is now a robust position, not simply dependent on the short-term oil price spike, but being first achieved in December where the spot price for oil (West Texas Intermediate, "WTI") was $45. January has proven to be stronger than December: oil prices have increased further and the new well at Pine Mills is now in production with its oil sales already commenced."
So we were producing 130ish bopd then........ So are we increasing production or is it declining? very confusing